Building intelligent enterprises: why developers must bridge code and business reality

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Building intelligent enterprises: why developers must bridge code and business reality

Startups

Subish Ram, Digital Products and Services leader, EY Global Delivery Services (EY GDS), on why business knowledge is the developer's biggest edge in the AI era Strapline: At DevSparks Hyderabad, Subish Ram traced a decade-long shift from RPA to agentic AI and made the case that in addition to bu.

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After the midterms, is the AI industry in for a rough two years?

Startups

Democrats’ historic victories in this week’s U.S. midterm elections could also transform the tech industry. The public voted on 41 data center-related ballot measures on Tuesday — in all but one, the majority voted to impose more restrictions on data center development. And even when data centers weren’t on the ballot directly, they were a […].

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Ramp data shows AI spending stalling just as Anthropic nears its IPO

Startups

AI spending is flatlining despite rising token volumes, a new report reveals. Price competition among major providers like OpenAI and Anthropic, combined with savvier customer usage and increased market competition, is capping revenue growth. This deceleration challenges previous assumptions of hypergrowth for AI companies, impacting their valuations. While AI adoption continues, spending growth has significantly slowed, indicating a buyer.

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(Weekly funding roundup Oct 31-Nov 6) Sharp rise in capital inflow

Startups

Indian startup funding rebounded sharply in early November, reaching $263 million across 23 deals, a significant increase from $115 million the previous week. This surge, breaking a four-week slump below $200 million, was notably boosted by a $100 million transaction from jewellery brand GIVA. The ecosystem, also seeing major investments in AI and healthtech, anticipates further growth, potentially benefiting from a rebalancing of capital distribution from US AI companies.

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After blocking Muse, Amazon now lets users text Alexa to help them shop

Startups

Amazon is launching a new text-based chat feature for its Alexa AI agent, enabling customers to shop directly via text messages. Users can search for items, add to cart, and make purchases using natural language queries. The feature, building on recent Alexa shopping upgrades, also allows sharing pictures to find similar products. Rolling out to select U.S. customers before the holiday season, it aims to leverage the growing trend of AI agent interaction for e-commerce.

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How a Rs 500 Cr bet put Bihar Museum ahead of the Met and Louvre

Startups

The Bihar Museum in Patna has been ranked 9th on "The World's 100 Best Museums 2026" by Worth a Journey, surpassing New York's Met and Paris's Louvre. It is the only Indian institution and highest-ranked in Asia, a significant achievement for a museum opened barely a decade ago. Despite facing considerable opposition during its creation regarding cost and execution, its international recognition now highlights Bihar's rich historical heritage and potential.

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AvenuesAI Q2 Net Profit Rises 6% YoY To ₹72 Cr, Revenue Up 47%

Business

AvenuesAI reported ₹288 Cr operating revenue and ₹71.7 Cr net profit in Q2 FY27. Operating expenses outpaced revenue growth, leading to modest EBITDA. The company is redirecting ₹297.2 Cr of unutilised rights proceeds directly to AI development, moving away from its Neuromind arm. A competitive pricing strategy impacted its net take rate. AvenuesAI also plans a Rediff IPO and international expansion for CCAvenue.

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Govt clears 12 more proposals worth over Rs 7,500 Cr under electronics components scheme

Startups

The government approved 12 applications, worth over Rs 7,500 crore, under the Electronics Components Manufacturing Scheme. This expands the scheme to cover materials and capital goods, aiming to build a domestic electronics ecosystem and reduce import dependence. The initiative focuses on strengthening upstream segments like raw materials and manufacturing equipment. Additionally, the Semicon 2.0 web application portal was launched under the ambitious Semicon India Programme.

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Delhi HC Upholds BharatPe’s Veto Rights In Unity SFB Shareholding Dispute

Business

The Delhi High Court rejected Unity SFB's appeal, upholding an interim order that restrains the bank from tabling a proposed capital restructuring resolution. This requires prior written consent from BharatPe parent RIPL and Centrum Financial Services. The dispute stems from a 2021 Shareholders’ Agreement, where such changes are 'Reserved Matters'. RIPL opposed the move, fearing its 49% stake would be diluted, welcoming the court's decision.

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MDR And AI: Inside The Two Acronyms That Could Shape Razorpay’s ₹6,000 Cr IPO

Business

Razorpay has received SEBI approval for an IPO, aiming to raise ₹5,000-6,000 crore at a $5 billion valuation. Expected to list between January and March 2027, the fintech leader is focusing on a profitability-led pitch. A key growth driver is the 0.4% MDR on large UPI transactions, which could significantly boost margins. The company continues to expand its digital payments footprint across India and Southeast Asia.

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X Says Delhi Police Takedown Notices Against IFF, SFLC Were Fake

Business

X informed the Delhi High Court that takedown notices against digital rights groups IFF and SFLC.in, purportedly from Delhi Police, were fake. X stated an imposter submitted the requests and filed a police complaint. The court disposed of the petitions after X's statement, which clarified no action would be taken. This resolved immediate concerns over account blocking and platform verification of law enforcement requests.

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Deepinder Goyal defends wearable device Temple

Startups

<summary>Deepinder Goyal defended his brain-monitoring wearable, Temple, against criticism from Indian doctors. He cited a 14-day return policy, $20 million personal investment, and upcoming scientific validation, clarifying it's a fitness device, not medical. However, doctors, including Dr. Rishabh Jain, remain unconvinced, demanding scientific evidence over financial details or promises, asserting that legitimate scrutiny isn't ".

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The New York Times reportedly in talks to buy Letterboxd for $330 million

Startups

The New York Times Company is reportedly in exclusive negotiations to acquire Letterboxd, the popular online movie platform, for $330 million. Letterboxd has experienced significant growth, expanding from 3 million users in 2021 to 28 million by April this year, with over half under 35. Despite projected earnings of $15 million, the Times' substantial offer suggests a strategic move into the entertainment and user-generated content space.

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OpenAI released a new cybersecurity model. Is that enough?

Startups

Max Justicz used OpenAI's GPT 5.6 Sol to discover a severe vulnerability in Ubuntu, which the Debian Project has since patched. This event highlights the growing role of AI in cybersecurity, prompting OpenAI to launch ChatGPT Cyber and a $1 billion initiative for critical infrastructure. While OpenAI is scanning open-source code for bugs, experts warn that AI could empower hackers if defenders lack equivalent tools.

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This Is Not About Money: Deepinder Goyal Defends Temple Amid Credibility Row

Business

Deepinder Goyal defended his Temple brain-monitoring wearable amidst medical expert criticism regarding its scientific validation and claims of measuring cerebral blood flow. Critics noted company-funded, non-peer-reviewed studies. Goyal clarified Temple is a fitness tracker, not a clinically validated medical device, citing $30M R&D investment and a return policy. Pre-orders for the ₹85,000 device opened, with shipping expected in early 20.

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ElevenLabs now lets users publish AI-generated music directly on SoundCloud

Startups

ElevenLabs now allows users to publish AI-generated music from its ElevenMusic platform directly on SoundCloud. SoundCloud Artist Pro users receive three months of ElevenMusic Pro, enabling extensive song creation. This partnership expands AI music distribution, with ElevenLabs having already generated over 25 million tracks. While SoundCloud embraces AI tools, other platforms like Deezer and Bandcamp are implementing filters or bans, highlighting varied industry approaches to AI-generated content.

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RadianX promises solar-powered devices that never need charging

Startups

RadianX developed perovskite solar material, twice as efficient indoors as existing panels, aiming to power portable and edge devices indefinitely. This innovation could eliminate battery needs for e-readers, IoT sensors, and wearables. The startup secured $5 million in seed funding and an additional $4 million for a dedicated production line. RadianX plans to sell integrated power packages to device makers, leveraging its high-density, thin solar.

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Shiprocket turns profitable in Q2 FY27 with Rs 674 Cr revenue

Startups

Shiprocket achieved profitability in Q2 FY27, reporting a net profit of Rs 60 lakh, a significant turnaround from last year's loss. Revenue from operations surged 35% year-on-year to Rs 673.6 crore, with adjusted EBITDA also turning positive. The core business grew 25%, while the emerging business, including cross-border shipping and Martech, expanded 61%, increasing its revenue contribution. The company is now debt-free after its IPO.

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Daksham Capital raises Rs 125 Cr in first close of Rs 300 Cr fund

Startups

The fund will invest in startups at the pre-Series A and Series A stages, with cheque sizes ranging from Rs 5 crore to Rs 20 crore. It will focus on D2C brands, consumer enablers, B2B2C businesses, supply chains and consumer AI.

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How Pine Labs is building for the agent economy: CTO Sanjeev Kumar on trust, control and execution

Startups

Pine Labs is building an AI agent ecosystem to integrate autonomous AI into commerce, focusing on trust and accountability. Their platform, featuring Grantex for permissions and audit trails, and AgenticOrg for developers, enables agents to manage tasks from cyber fraud resolution (Cora) to merchant ad campaigns. This initiative aims to make AI agents a reliable and auditable part of operations for enterprises, banks, and merchants.

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Spacetech Startup Cosmoserve Nets $6 Mn, Eyes Commercialisation By 2028

Business

Cosmoserve secured $6 Mn in seed funding led by Rebright Partners and unveiled India's first private space debris removal facility in Hyderabad. The company aims to validate its soft robotic capture technology through upcoming missions to remove defunct satellites and orbital debris, reducing collision risks. With further tech demonstrations, Cosmoserve targets commercial operations by 2028.

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